Riyadh – Mubasher: Kingdom Holding Co achieved profits worth 17 million Canadian dollars (SAR 48 million) from the sale of its stake in Four Seasons Hotel Toronto as on 30 September, 2016.
The stake is worth 225 million Canadian dollars (SAR 645 million), according to a bourse statement that included the financial statements of the third quarter this year.
The Saudi company will obtain cash inflows worth 76 million Canadian dollars (SAR 217 million).